Goods imports in Faroe Islands
Faroe Islands: Goods imports was 949.02 million BoP, current US$ in 2011. ▲ Rising
Goods imports in Faroe Islands, 1998–2011
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2011, goods imports in Faroe Islands stood at 949.02 million BoP, current US$.
The figure is up 27.4% on the previous year and up 98.2% over ten years.
Over the whole period, goods imports in Faroe Islands peaked at 970.73 million BoP, current US$ in 2007 and was at its lowest, 372.93 million BoP, current US$, in 1998.
That places Faroe Islands 174th out of 199 countries with data for 2011, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 413.85 million BoP, current US$ | 372.93 million BoP, current US$ | 454.77 million BoP, current US$ | 2 |
| 2000s | 685.28 million BoP, current US$ | 471.58 million BoP, current US$ | 970.73 million BoP, current US$ | 10 |
| 2010s | 846.86 million BoP, current US$ | 744.69 million BoP, current US$ | 949.02 million BoP, current US$ | 2 |
Countries ranked near Faroe Islands
- 171 Bermuda 1.22 billion BoP, current US$ compare
- 172 Sint Maarten (Dutch part) 1.16 billion BoP, current US$ compare
- 173 Burundi 1.10 billion BoP, current US$ compare
- 175 East Timor 841.50 million BoP, current US$ compare
- 176 Saint Lucia 833.60 million BoP, current US$ compare
- 177 Antigua and Barbuda 792.94 million BoP, current US$ compare
More economy & growth data for Faroe Islands
- Imports of goods and services 14.31 billion current LCU (2024)
- Gross capital formation 1.14 billion current US$ (2024)
- Gross capital formation 7.87 billion current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- External balance on goods and services 3.4% (2024)
- External balance on goods and services 938.80 million current LCU (2024)
- Exports of goods and services 54.6% (2024)
- Imports of goods and services 51.2% (2024)
Frequently asked questions
- What is goods imports in Faroe Islands?
- Goods imports in Faroe Islands was 949.02 million BoP, current US$ in 2011, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Faroe Islands?
- The highest recorded value was 970.73 million BoP, current US$ in 2007.
- What is the lowest goods imports recorded in Faroe Islands?
- The lowest recorded value was 372.93 million BoP, current US$ in 1998.
- How does Faroe Islands rank for goods imports?
- Faroe Islands ranks 174th out of 199 countries with data for 2011.
- Is goods imports rising or falling in Faroe Islands?
- Over the last ten years it is up 98.2%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.